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USD: Further gains harder to justify - ING
Breaking news
USD: Further gains harder to justify - ING
New
2025.10.31 18:56
2025.10.31 18:56
2025.10.31 18:56
The US Dollar (USD) found more support yesterday on the tail effect of Fed Chair Powell's hawkish press conference and, more marginally, the US-China trade deal, ING's FX analyst Francesco Pesole notes.
DXY lacks the thrust to break above 100.00
"Throughout September and October, we have discussed how short-dollar trades clearly hit a roadblock and needed to be fuelled by more compelling negative USD news. The government shutdown has prevented jobs data from offering that catalyst, and Powell's caution on a December cut has to be taken more at face value now."
"But our short-term call on the dollar remains more one of 'lack of direction' rather than the initiation of a more sustainable rebound. And the reason is precisely the lack of data releases, which incidentally prevents markets from making any conviction call on slower Fed easing. In our view, DXY lacks the thrust to break above 100.00."
Last updated
: 2025.10.31
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2025.10.31 23:47
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Fed's Hammack: Would not have cut rates
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2025.10.31 23:47Silver holds steady near $49 amid US fiscal uncertainty, trade truce
Silver (XAG/USD) trades little changed on Friday, hovering around $49 per ounce as investors digest the cautious message from the US Federal Reserve (Fed) and the recent diplomatic progress between the United States (US) and China.
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2025.10.31 23:28GBP undertone remains soft - Scotiabank
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2025.10.31 22:44EUR holds in tight range as support in low/mid 1.15s holds - Scotiabank
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2025.10.31 22:41CAD remains soft on wider US/Canada spreads - Scotiabank
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2025.10.31 22:38Disclaimer:
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